Asian stocks today, July 2 -- Asian markets fell on Thursday, 2 July, after a selloff in US chipmakers reignited concerns that the AI-led rally has outpaced underlying fundamentals.

South Korea's Kospi plunged 5.36% at the open, prompting the Korea Exchange to impose a five-minute trading halt to rein in market volatility, while the small-cap Kosdaq fell 3.55%.

Japan's Nikkei 225 also declined 2%, although the broader Topix edged up 0.13%. Australia's benchmark S&P/ASX 200 also slipped 0.59%. Meanwhile, The MSCI Asia Pacific Index as a whole dropped 0.9%.

US stock index futures slipped 0.3%, extending the cautious sentiment after a 6.3% plunge in a key semiconductor stocks gauge and declines across major Wall Street indices on Wednesda...